Vringo Signs Licensing Deal With Virginia Tech Arm

Vringo (NASDAQ: VRNG) has signed a deal to partner with Virginia Tech Intellectual Properties, the licensing arm of Virginia Tech, to develop technology based on the latter's innovations. In a press release announcing the move, the company wrote that this technology "could potentially enable first responders to quickly set up a wireless network in areas where telecommunication infrastructure has been destroyed or rendered inoperable."

The technology is derived from development efforts at the university's Wireless@VT research group. It was partially funded from a grant from the government's National Science Foundation.

Vringo has been very active in the patent acquisition sphere of late. Last summer, it purchased more than 500 patents and applications centered on telecoms infrastructure.

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